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Recent Report By Colliers Shows Analysis of CEE-15[i] countries has recorded increased enquiries for Small Business Units and Last Mile Logistics spaceThis increase is connected with the significant development of the e-commerce sector In the coming quarters we can expect further significant development of this market segment and good demand overall for I&L in CEE-15 WARSAW, Poland, July 1, 2022 /PRNewswire/ -- The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million sq m, but the development of this market is not evenly spread in this region. The largest amount of space is located in Poland (circa about 2 million sq m), reveals a new report by Colliers: „ExCEEding Borders Small Business Units & Last Mile Logistics Sector in CEE-15". Kevin Turpin, Regional Director of Capital Markets, CEE at Colliers comments: "Occupier demand from the I&L sector in the CEE-15 region over the past few years has been strong and driven mainly by the 3PL, retail and distribution sectors, followed by the light production, automotive and FMCG industries. During the pandemic, we experienced higher tenants' interest from the e-commerce sector and logistics operators offering their services to retailers and internet trading companies. The increase in enquiries for SBU/LML space is also a consequence of this trend". SBU/LML market across the CEE-15 countries is at a different stage of development Rents level for SBU and LML space Investment into the I&L sector topped the CEE-6[ii] market volumes in 2021 The impact of the war in Ukraine Land availability "Currently, the I&L sector is performing well which is why we do not expect any significant changes in this trend in the near future. There is a chance that we will experience some slowdown in I&L market growth until the construction markets and supply chains stabilise and supply chains resume some level of normality. This slowdown however is likely to be short-term rather than long-term", concludes Kevin. About Colliers Colliers is a leading diversified professional services and investment management company. With operations in 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. [i] In this report, we focus on the CEE-15 countries: Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Slovakia and Slovenia. Photo - https://mma.prnewswire.com/media/1852250/Colliers_Report.jpg
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